you gonna start the journal up again.... ? Not sure about ET journals... can anyone post a trade, or just commentary on the originators' trades? Have a good week bro... I
Well, I am throwing some ideas and trades out there, just a fraction of what I am doing. Keeping the journal alive. Anyone is free to comment, post thier own trades, criticize, analyze, etc. Thanks, have a good week.
QLGC might give it up all day today...worth watching of Kumar's comments in NY Times. Had held up the first half hour of trading but it probably bleeds off all day (week). 34.33 now. (trade what you see not what you think) though. ;-) QLGC QLogic is the subject of negative NY Times story (35.68) Article identifies several risks to the QLogic story, including competition from a new generation of technology. "They'll have to try to compete against the Intels and the Broadcoms of the world, and they don't have a prayer," says USB Piper Jaffray analyst Ashok Kumar. "It's a disaster waiting to happen." According to article, QLGC also faces the risk that one of its largest customers (Fujitsu) will exit the disk-drive biz. "You have technology transition risk, and you have customer risk," Kumar said. "These are clear and present dangers."
I am short here 1/2 position 35.60. Pattern prone to failure. Stop at 36.2 Failed 2x at 200ma, but looks like it won't make that this time.